Stock futures fall as energy prices rise



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US equity futures fell as crude oil and natural gas prices continued their ascent.

S&P 500 futures were down 0.2% and Dow Jones Industrial Average futures were down 0.1%. Contracts do not necessarily predict market movements after the opening bell.

In Europe, the Stoxx Europe 600 meandered past the flat line in morning trading as gains in the materials and energy sectors were offset by losses in communications services and real estate sectors.

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Fred DeMarco, right, works with other traders on the New York Stock Exchange floor on Friday, February 2, 2018. (AP Photo / Richard Drew)

The UK FTSE 100 added 0.2%. Other stock indexes in Europe were mixed, with the French CAC 40 remaining broadly stable, while the UK FTSE 250 was down 0.2% and the German DAX lost 0.2%.

The Swiss franc and British pound were up 0.1% against the US dollar and the euro was mostly stable against the dollar, with 1 euro buying $ 1.16.

In commodities, Brent crude rose 1.7% to $ 83.75 a barrel. Gold slipped 0.2% to $ 1,754.70 per troy ounce.

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The yield on the 10-year German Bunds reached minus 0.126% and the yields on the 10-year UK gilts rose to 1.203%. Yields move in the opposite direction of prices.

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Stocks in Asia were mixed, with the Hong Kong Hang Seng rising 1.9% and Japan’s Nikkei 225 index 1.6%, while China’s benchmark Shanghai Composite was flat after rising by 0.6% during the session.

An artificial intelligence tool was used to create this article.

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